8007 S Avalon AveChicagoIL60619
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Chicago at 8007 S Avalon Ave, Chicago, IL, 60619 priced at $220,000 converts $2,616/mo rent into $1,090/mo cash flow after a $1,077/mo obligation. Total monthly income equals $2,616/mo, and annual cash flow totals $13,078/yr on $72,930 invested. Return on cash invested prints 37.84% in year one, and rental yield reads 14.27% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 199.98% and total cumulative return in cash sums $145,847. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,616/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1914
3,150 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60619, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,039 (100%) |
| Owner Occupied HU | 11,676 (35.3%) |
| Renter Occupied HU | 16,942 (51.3%) |
| Vacant Housing Units | 4,421 (13.4%) |
| Median Home Value | $230,022 |
| Average Home Value | $268,206 |
Housing Distribution
Address Breakdown
Residential
27,388
Single Family
15,468
Multi-Family
11,920
Businesses
1,470
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